DSP Midcap Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Mid Cap Fund

Portfolio Turnover Ratio : 24.00%. Category average turnover ratio is 239.20%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 95.90% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 95.90%

No of Stocks : 62 (Category Avg - 69.71) | Large Cap Investments : 8.37%| Mid Cap Investments : 40.69% | Small Cap Investments : 15.55% | Other : 31.29%

Portfolio Summary (as on 31st Jan,2026)

Particulars	This Scheme	Category
No. of Stocks	62	69.48
Top 5 Stock Weight	15.49%	17.87%
Top 10 Stock Weight	27.76%	30.99%
Top 3 Sector Weight	20.36%	21.6%

Category - Mid Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	15085.51	14185.56
Holdings in large cap stocks	8.37%	9.93%
Holdings in mid cap stocks	40.69%	35.49%
Holdings in small cap stocks	15.55%	18.03%

Category - Mid Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Coforge Ltd.	Computers - software & consulting	8171.9	4.29%	0.09%	4.86% (Jun 2025)	4.09% (Apr 2025)	49.41 L	0.00
Ipca Laboratories Ltd.	Pharmaceuticals	6311.1	3.31%	-0.05%	4.05% (Mar 2025)	3.01% (Oct 2025)	42.91 L	-3.47 L
Coromandel International Ltd.	Fertilizers	5211.1	2.74%	0.10%	3.46% (Feb 2025)	2.47% (Oct 2025)	22.83 L	0.00
Jindal Steel Ltd.	Iron & steel products	4951.9	2.60%	0.25%	2.6% (Jan 2026)	1.52% (Feb 2025)	43.74 L	0.00
Fortis Healthcare Ltd.	Hospital	4865.3	2.55%	-0.01%	2.7% (Oct 2025)	1.95% (May 2025)	57.14 L	42.12 k
Voltas Limited	Household appliances	4832.9	2.54%	0.01%	2.63% (Aug 2025)	1.76% (May 2025)	36.40 L	0.00
Max Financial Services Ltd.	Life insurance	4754.3	2.50%	-0.02%	3.29% (Apr 2025)	2.29% (Jul 2025)	29.46 L	0.00
Au Small Finance Bank Ltd.	Other bank	4672.8	2.45%	-0.60%	3.05% (Dec 2025)	1.87% (Mar 2025)	47.57 L	-0.12 Cr
Schaeffler India Ltd.	Auto components & equipments	4582.6	2.41%	0.22%	2.41% (Jan 2026)	2.03% (Feb 2025)	12.65 L	1.57 L
Federal Bank Ltd.	Private sector bank	4515.2	2.37%	0.23%	2.37% (Jan 2026)	1.87% (Sep 2025)	1.57 Cr	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Jan,2026)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Coforge Ltd.	Computers - software & consulting	7.8	8171.9	4.29%	0.09%	4.86% (Jun 2025)	4.09% (Apr 2025)	49.41 L	0.00	Other	31.29
Ipca Laboratories Ltd.	Pharmaceuticals	6.41	6311.1	3.31%	-0.05%	4.05% (Mar 2025)	3.01% (Oct 2025)	42.91 L	-3.47 L	Other	31.29
Coromandel International Ltd.	Fertilizers	2.74	5211.1	2.74%	0.10%	3.46% (Feb 2025)	2.47% (Oct 2025)	22.83 L	0.00	Mid Cap	40.69
Jindal Steel Ltd.	Iron & steel products	4.13	4951.9	2.60%	0.25%	2.6% (Jan 2026)	1.52% (Feb 2025)	43.74 L	0.00	Mid Cap	40.69
Fortis Healthcare Ltd.	Hospital	2.82	4865.3	2.55%	-0.01%	2.7% (Oct 2025)	1.95% (May 2025)	57.14 L	42.12 k	Other	31.29
Voltas Limited	Household appliances	2.54	4832.9	2.54%	0.01%	2.63% (Aug 2025)	1.76% (May 2025)	36.40 L	0.00	Mid Cap	40.69
Max Financial Services Ltd.	Life insurance	2.5	4754.3	2.50%	-0.02%	3.29% (Apr 2025)	2.29% (Jul 2025)	29.46 L	0.00	Mid Cap	40.69
Au Small Finance Bank Ltd.	Other bank	2.45	4672.8	2.45%	-0.60%	3.05% (Dec 2025)	1.87% (Mar 2025)	47.57 L	-0.12 Cr	Mid Cap	40.69
Schaeffler India Ltd.	Auto components & equipments	6.15	4582.6	2.41%	0.22%	2.41% (Jan 2026)	2.03% (Feb 2025)	12.65 L	1.57 L	Other	31.29
Federal Bank Ltd.	Private sector bank	2.37	4515.2	2.37%	0.23%	2.37% (Jan 2026)	1.87% (Sep 2025)	1.57 Cr	0.00	Mid Cap	40.69
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.32	4421.8	2.32%	-0.09%	2.41% (Dec 2025)	1.72% (Jul 2025)	22.46 L	0.00	Large Cap	8.37
Phoenix Mills Ltd.	Residential, commercial projects	2.31	4406	2.31%	-0.19%	2.99% (Feb 2025)	2.02% (Jul 2025)	26.37 L	0.00	Small Cap	15.55
Power Finance Corporation Ltd.	Financial institution	2.31	4398.6	2.31%	0.21%	2.79% (Mar 2025)	2.1% (Dec 2025)	1.16 Cr	0.00	Mid Cap	40.69
Alkem Laboratories Ltd.	Pharmaceuticals	6.41	4246.8	2.23%	0.13%	2.23% (Jan 2026)	1.89% (Jun 2025)	7.48 L	0.00	Mid Cap	40.69
Nippon Life India Asset Management Ltd.	Asset management company	2.09	3988.3	2.09%	0.05%	2.36% (Jun 2025)	1.8% (Feb 2025)	45.42 L	0.00	Mid Cap	40.69
Supreme Industries Ltd.	Plastic products - industrial	2.09	3988.2	2.09%	0.15%	2.94% (Aug 2025)	1.94% (Dec 2025)	11.35 L	0.00	Mid Cap	40.69
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	3.91	3985.7	2.09%	0.56%	2.09% (Jan 2026)	0% (Feb 2025)	24.43 L	6.80 L	Other	31.29
Polycab India Limited	Cables - electricals	3.81	3911.8	2.05%	-0.12%	2.19% (Oct 2025)	1.56% (Feb 2025)	5.58 L	0.00	Other	31.29
L&T Finance Holdings Ltd.	Investment company	3.12	3755	1.97%	-0.54%	2.96% (Nov 2025)	1.15% (Feb 2025)	1.31 Cr	-0.25 Cr	Mid Cap	40.69
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.94	3704.6	1.94%	0.27%	1.94% (Jan 2026)	0% (Feb 2025)	14.65 L	14.65 L	Other	31.29
J.K. Cement Ltd.	Cement & cement products	1.83	3487.7	1.83%	0.19%	2.86% (Feb 2025)	1.58% (Nov 2025)	6.31 L	51.93 k	Small Cap	15.55
Bharat Forge Ltd.	Castings & forgings	1.83	3478.2	1.83%	0.02%	2.87% (Mar 2025)	1.72% (Sep 2025)	24.13 L	0.00	Mid Cap	40.69
Mphasis Ltd.	Computers - software & consulting	7.8	3440.4	1.81%	0.03%	1.83% (Aug 2025)	1.24% (May 2025)	12.47 L	0.00	Mid Cap	40.69
KEI Industries Ltd.	Cables - electricals	3.81	3354.3	1.76%	-0.14%	1.9% (Dec 2025)	0.89% (Mar 2025)	8.34 L	0.00	Small Cap	15.55
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	1.76	3350	1.76%	-0.24%	2% (Dec 2025)	1.49% (Aug 2025)	78.45 L	0.00	Large Cap	8.37
Atul Ltd.	Specialty chemicals	4.16	3239.8	1.70%	0.06%	1.99% (May 2025)	1.53% (Oct 2025)	5.21 L	0.00	Mid Cap	40.69
KPIT Technologies Ltd.	Computers - software & consulting	7.8	3237	1.70%	-0.16%	2.34% (Mar 2025)	1.7% (Jan 2026)	31.07 L	0.00	Other	31.29
Bank Of India	Public sector bank	1.67	3181	1.67%	0.25%	1.67% (Jan 2026)	0.96% (Feb 2025)	1.94 Cr	0.00	Mid Cap	40.69
Dixon Technologies (India) Ltd.	Consumer electronics	1.68	3147.9	1.65%	-0.21%	2.85% (Apr 2025)	1.65% (Jan 2026)	3.01 L	0.00	Other	31.29
Apollo Tyres Limited	Tyres & rubber products	1.59	3026.1	1.59%	0.02%	1.64% (Apr 2025)	1.41% (Jun 2025)	61.49 L	0.00	Mid Cap	40.69
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	1.57	2991.4	1.57%	-0.02%	1.59% (Dec 2025)	0.75% (Feb 2025)	25.48 L	0.00	Small Cap	15.55
UNO Minda Ltd.	Auto components & equipments	6.15	2969.5	1.56%	-0.09%	1.87% (Sep 2025)	1.37% (Mar 2025)	25.12 L	0.00	Small Cap	15.55
APL Apollo Tubes Ltd.	Iron & steel products	4.13	2918.9	1.53%	0.14%	1.53% (Jan 2026)	1.18% (Jul 2025)	14.27 L	0.00	Other	31.29
Jubilant Ingrevia Ltd.	Specialty chemicals	4.16	2839.4	1.49%	-0.12%	1.81% (Jul 2025)	1.49% (Jan 2026)	44.70 L	0.00	Other	31.29
Page Industries Ltd.	Garments & apparels	1.42	2698.3	1.42%	-0.09%	2.45% (Apr 2025)	1.42% (Jan 2026)	81.78 k	0.00	Mid Cap	40.69
Eternal Ltd.	E-retail/ e-commerce	1.34	2561.1	1.34%	0.17%	1.34% (Jan 2026)	0% (Feb 2025)	93.61 L	11.02 L	Other	31.29
Motherson Sumi Systems Ltd.	Auto components & equipments	6.15	2543.3	1.34%	-0.04%	1.38% (Dec 2025)	0.77% (Feb 2025)	2.25 Cr	0.00	Large Cap	8.37
Oil India Ltd.	Oil exploration & production	1.33	2539	1.33%	0.25%	1.33% (Jan 2026)	1.02% (Aug 2025)	49.78 L	0.00	Mid Cap	40.69
Techno Electric & Engineering Co. Ltd.	Civil construction	1.25	2387.8	1.25%	-0.10%	1.89% (Jun 2025)	1.25% (Jan 2026)	24.50 L	0.00	Small Cap	15.55
Cholamandalam Financial Holdings Ltd.	Investment company	3.12	2186.7	1.15%	-0.07%	1.29% (Oct 2025)	0% (Feb 2025)	13.22 L	0.00	Small Cap	15.55
Vishal Mega Mart Ltd.	Diversified retail	1.13	2144.6	1.13%	-0.06%	1.8% (Aug 2025)	0.83% (Feb 2025)	1.70 Cr	0.00	Other	31.29
Pi Industries Ltd.	Pesticides & agrochemicals	2.08	2129.4	1.12%	0.02%	1.14% (Nov 2025)	0% (Feb 2025)	6.66 L	0.00	Mid Cap	40.69
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1.08	2057.7	1.08%	-0.06%	1.14% (Dec 2025)	0% (Feb 2025)	6.00 L	0.00	Large Cap	8.37
Emami Ltd.	Personal care	1.03	1963.5	1.03%	-0.07%	1.68% (Apr 2025)	1.03% (Jan 2026)	40.58 L	0.00	Mid Cap	40.69
Gujarat Fluorochemicals Ltd.	Specialty chemicals	4.16	1855.4	0.97%	-0.17%	1.42% (Mar 2025)	0.97% (Jan 2026)	6.08 L	0.00	Other	31.29
HDB Financial Services Ltd.	Non banking financial company (nbfc)	3.91	1834.8	0.96%	-0.05%	1.02% (Sep 2025)	0% (Feb 2025)	25.94 L	0.00	Other	31.29
Dhanuka Agritech Ltd.	Pesticides & agrochemicals	2.08	1832.3	0.96%	-0.03%	1.62% (Jul 2025)	0.96% (Jan 2026)	16.38 L	0.00	Small Cap	15.55
Alembic Pharmaceuticals Ltd.	Pharmaceuticals	6.41	1662.6	0.87%	-0.05%	1.61% (May 2025)	0.87% (Jan 2026)	21.23 L	0.00	Mid Cap	40.69
Shriram Finance Ltd.	Non banking financial company (nbfc)	3.91	1632.2	0.86%	0.05%	0.86% (Jan 2026)	0% (Feb 2025)	16.00 L	0.00	Other	31.29
Cyient Ltd.	It enabled services	0.85	1614.1	0.85%	0.04%	1.02% (May 2025)	0.8% (Nov 2025)	14.18 L	0.00	Small Cap	15.55
Tube Investments Of India Ltd.	Auto components & equipments	6.15	1604.2	0.84%	-0.08%	1.12% (May 2025)	0% (Feb 2025)	6.87 L	0.00	Small Cap	15.55
# Indus Towers Ltd.	Telecom - infrastructure	0.79	1509.8	0.79%	0.79%	0.79% (Jan 2026)	0% (Feb 2025)	33.98 L	33.98 L	Large Cap	8.37
- GAIL (India) Ltd.	Gas transmission/marketing	0.78	1479.9	0.78%	0.00%	0.95% (Apr 2025)	0.78% (Jan 2026)	88.46 L	0.00	Large Cap	8.37
Apar Industries Ltd.	Other electrical equipment	0.72	1377.9	0.72%	-0.02%	0.8% (Nov 2025)	0.55% (Apr 2025)	1.72 L	0.00	Small Cap	15.55
Lenskart Solutions Ltd.	Speciality retail	0.54	1023.9	0.54%	0.02%	0.54% (Jan 2026)	0% (Feb 2025)	22.39 L	0.00	Other	31.29
Westlife Development Ltd.	Restaurants	0.48	912.5	0.48%	-0.05%	0.8% (Feb 2025)	0.48% (Jan 2026)	18.50 L	0.00	Small Cap	15.55
# Hitachi Energy India Ltd.	Heavy electrical equipment	0.45	859.7	0.45%	0.45%	0.45% (Jan 2026)	0% (Feb 2025)	45.58 k	45.58 k	Other	31.29
Syngene International Ltd.	Healthcare research, analytics & technology	0.39	751.2	0.39%	-0.14%	0.59% (Jul 2025)	0% (Feb 2025)	15.87 L	0.00	Mid Cap	40.69
- Container Corporation Of India Ltd.	Logistics solution provider	0.3	567.2	0.30%	0.00%	0.98% (May 2025)	0.29% (Nov 2025)	11.29 L	0.00	Large Cap	8.37
# Aster DM Healthcare Ltd.	Hospital	2.82	505.5	0.27%	0.27%	0.27% (Jan 2026)	0% (Feb 2025)	9.15 L	9.15 L	Small Cap	15.55
Hatsun Agro Products Ltd.	Dairy products	0.04	72.1	0.04%	-0.07%	1.54% (Feb 2025)	0.04% (Jan 2026)	81.92 k	-1.38 L	Mid Cap	40.69
- LG Electronics India Pvt. Ltd.	Consumer electronics	1.68	65.7	0.03%	0.00%	0.04% (Nov 2025)	0% (Feb 2025)	44.92 k	0.00	Other	31.29

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Aster DM Healthcare Ltd.	Hospital	505.5	0.27%	0.27%	0.27% (Jan 2026)	0% (Feb 2025)	9.15 L	915439
# Indus Towers Ltd.	Telecom - infrastructure	1509.8	0.79%	0.79%	0.79% (Jan 2026)	0% (Feb 2025)	33.98 L	3398163
# Hitachi Energy India Ltd.	Heavy electrical equipment	859.7	0.45%	0.45%	0.45% (Jan 2026)	0% (Feb 2025)	45.58 k	45579

Stocks removed from Portfolio (in 1 month period ending 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Jan 2026	Dec 2025	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025
Coforge Ltd.	4.29%	4.20%	4.75%	4.48%	4.10%	4.48%	4.47%	4.86%	4.52%	4.09%	4.53%	4.46%	4.08%
Ipca Laboratories Ltd.	3.31%	3.36%	3.39%	3.01%	3.24%	3.37%	3.54%	3.30%	3.53%	3.68%	4.05%	3.96%	3.77%
Coromandel International Ltd.	2.74%	2.64%	2.74%	2.47%	2.68%	2.77%	3.24%	2.98%	2.85%	2.92%	3.38%	3.46%	3.36%
Jindal Steel Ltd.	2.60%	2.35%	2.30%	2.38%	2.43%	4.34%	-	-	-	-	-	-	-
Jindal Steel & Power Ltd.	-	-	-	-	-	-	1.70%	1.64%	1.72%	1.53%	1.60%	1.52%	1.26%
Max Financial Services Ltd.	2.50%	2.52%	2.53%	2.32%	2.42%	2.48%	2.29%	2.69%	3.10%	3.29%	2.97%	2.80%	2.80%
Supreme Industries Ltd.	2.09%	1.94%	1.94%	2.43%	2.75%	2.94%	2.78%	2.81%	2.77%	2.50%	2.49%	2.52%	2.69%
Power Finance Corporation Ltd.	2.31%	2.10%	2.12%	2.38%	2.48%	2.31%	2.46%	2.53%	2.52%	2.68%	2.79%	2.66%	2.76%
Au Small Finance Bank Ltd.	2.45%	3.05%	2.89%	2.69%	2.29%	2.26%	2.30%	2.51%	2.22%	2.31%	1.87%	2.14%	2.03%
Phoenix Mills Ltd.	2.31%	2.50%	2.31%	2.26%	2.14%	2.08%	2.02%	2.08%	2.14%	2.46%	2.49%	2.99%	2.83%
Bharat Forge Ltd.	1.83%	1.81%	1.76%	1.83%	1.72%	1.94%	2.51%	2.78%	2.76%	2.60%	2.87%	2.84%	3.06%
Voltas Limited	2.54%	2.53%	2.52%	2.57%	2.57%	2.63%	2.50%	2.37%	1.76%	1.82%	2.10%	1.96%	1.67%
Fortis Healthcare Ltd.	2.55%	2.56%	2.39%	2.70%	2.61%	2.47%	2.29%	2.10%	1.95%	2.01%	2.10%	1.99%	1.62%
Dixon Technologies (India) Ltd.	1.65%	1.86%	1.92%	2.06%	2.22%	2.28%	2.27%	2.00%	2.12%	2.85%	2.34%	2.68%	2.58%
Schaeffler India Ltd.	2.41%	2.19%	2.07%	2.16%	2.32%	2.14%	2.25%	2.18%	2.36%	2.07%	2.07%	2.03%	2.03%
Page Industries Ltd.	1.42%	1.51%	1.83%	1.99%	2.02%	2.21%	2.40%	2.40%	2.35%	2.45%	2.36%	2.44%	2.40%